Deutsche Post CEO resigns amid German tax-evasion probe - won’t get severance payment

If you haven’t heard the big news already, Deutsche Post’s CEO resigned after being targeted in a German tax-evasion probe. Today comes news from the company that he won’t get severance payments as a result of his resignation. Via Bloomberg:

Zumwinkel quit after prosecutors said they were investigating allegations he evaded 1 million euros in taxes by transferring money to Liechtenstein. Deutsche Post’s supervisory board yesterday appointed logistics-unit chief Frank Appel as his successor as CEO.

Mommsen, speaking by telephone, declined to comment on why Zumwinkel will not get a severance payment and wouldn’t say if he’ll receive his annual bonus for last year. The spokeswoman said she didn’t want to be quoted directly and that Deutsche Post no longer speaks on Zumwinkel’s behalf.